China’s New Carbon Market Is Gridlocked Awaiting Policy Guidance
Emissions allowance settles at same price 7 straight sessions
Power plants waiting for direction from government regulator
Trading activity in China’s nascent national carbon market has all but flatlined as power firms await policy clarity amid soaring commodity prices and government concerns about energy security.
The price for emission allowances has settled at 60 yuan a ton for seven straight sessions, with 50 tons or less exchanged on five of those days, according to data from the National Carbon Trading Agency.